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Emerging Market Loans

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  • ONGC Videsh (OVL), the overseas arm of India’s state-owned Oil and Natural Gas Corp, has sent out a request for proposals for an up to $750m loan, just a few months after raising $1bn.
  • Taiwan’s Taiflex Scientific Co, an electronic parts and components maker, has closed a dual-currency borrowing of NT$2.5bn ($85m) with eight banks.
  • Taiwan’s Quanta Computer has returned to the loan market for a tightly priced $1bn deal, slicing both the margin and participation fees on offer.
  • CEE
    Local lenders in central and eastern Europe have stepped up for local clients during the coronavirus pandemic. Structural factors will help them fortify their position against international banks should infections rise again.
  • The Vietnam subsidiary of Taiwanese leasing and financing firm Chailease Finance Co has boosted its loan size to $60m.
  • A consortium-led by Henderson Land Development is in talks with banks for a new loan to support its development of a residential project in Hong Kong.